Chevron Phillips Chemical has announced that it would be investing $5 billion to build an ethylene plant in Orange County, Texas.
Company sources informed that the construction could begin by 2020 and commercial operations commence by 2024.
The two-unit plant would be located half in the West Orange-Cove school district and half in the Bridge City school district. For a reference, the expansion Chevron Phillips just completed at its Cypress Bayou ethane cracker plant was a $6 billion project producing 1.5 million metric tons of ethylene.
The plant would be built on a 1,700-acre site near the current polyethylene plant and will include a world-scale ethylene cracker, at least one ethylene derivative unit, related administrative buildings, utility, infrastructure, and a rail storage yard.
Chevron’s Orange plant has been in operation in Chemical Row, since 1955. It converts ethylene into high-density polyethylene
Chevron Phillips Chemical Company is the sum of a 2000 merger between Chevron Corporation and Phillips Petroleum. It is headquartered in The Woodlands and operates 33 manufacturing and research centers, which employ 5,000 people worldwide.